Irish Life Consensus Equity

The Consensus Equity Fund is completely invested in global shares. It tracks a global equity index by holding the same stocks and weightings as the relevant market index. By doing this, the fund aims to avoid the risk of poor stock selection, because it is not relying on an active manager to pick winners and losers.

The Consensus Equity Fund aims to achieve average equity fund returns on a consistent basis through passive index replication. It invests in the same equity stocks as the global indices it follows, in the same proportions. The fund is managed by Irish Life Investment Managers.

The Consensus Equity Fund is exposed to equity market risk, which means its value can rise and fall with share prices across global markets. It also uses securities lending, which can increase risk even though it may help generate extra return; securities lending means the fund temporarily lends out holdings to another party. As a global equity fund, it may also be affected by movements in different regional markets and sectors.

The Consensus Equity Fund targets investment strategies that help contribute to its sustainability goals. It does this by reducing exposure to companies with poorer sustainability characteristics and increasing exposure to companies with better sustainability characteristics. The fund also considers sustainability characteristics when selecting property and alternative funds, although the fund itself remains fully invested in global shares.

The Consensus Equity Fund's top holdings include large global companies such as NVIDIA, Apple, Microsoft, Alphabet, Amazon, Broadcom, Tesla, Meta Platforms, JP Morgan Chase and Taiwan Semiconductor Manufacturing. Its sector exposure spans areas such as Information Technology, Financials and Consumer Discretionary, with geographical exposure across the US, Eurozone, emerging markets, Japan and other regions. This broad spread reflects the fund's goal of tracking the global equity market.